Energy free trade under NAFTA good for all North Americans
(firmenpresse) - CALGARY, ALBERTA -- (Marketwired) -- 08/02/17 -- Energy free trade under the North American Free Trade Agreement (NAFTA) has been good for the people of Canada, the United States (U.S.) and Mexico, keeping energy on the continent more affordable and reliable for citizens and the economy, according to a joint paper released by the Canadian Association of Petroleum Producers (CAPP), the American Petroleum Institute (API) and Mexican Association of Hydrocarbon Companies (AMEXHI).
The creation of NAFTA has been and continues to be mutually beneficial to all three trading partners -- Canada, the U.S. and Mexico. The integrated and interdependent North American market that NAFTA created maintains energy self-sufficiency and improves industry competitiveness in North America and worldwide.
Under the NAFTA renegotiation, there are opportunities to update the agreement but any changes that disrupt energy trade across North American borders or revert to high tariffs and trade barriers could put long term investments, national prosperity and jobs at risk as they depend on these deep trade relationships. As such, the joint paper recommends support for market-oriented policies and opportunities for commercial growth and job creation under NAFTA.
The CAPP, API and AMEXHI joint paper can be found .
The Canadian Association of Petroleum Producers quotes: Tim McMillan, president and CEO
The American Petroleum Institute quote: Jack Gerard, president and CEO
Mexican Association of Hydrocarbon Companies (AMEXHI) quotes: Alberto de la Fuente, president
Supporting information
The Canadian Association of Petroleum Producers (CAPP) represents companies, large and small, that explore for, develop and produce natural gas and crude oil throughout Canada. CAPP''s member companies produce about 80 per cent of Canada''s natural gas and crude oil. CAPP''s associate members provide a wide range of services that support the upstream crude oil and natural gas industry. Together CAPP''s members and associate members are an important part of a national industry with revenues from crude oil and natural gas production of about $120 billion a year. CAPP''s mission, on behalf of the Canadian upstream crude oil and natural gas industry, is to advocate for and enable economic competitiveness and safe, environmentally and socially responsible performance.
Contacts:
Chelsie Klassen
Canadian Association of Petroleum Producers
(P): (403) 267 1151
(E):
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Datum: 02.08.2017 - 13:28 Uhr
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